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Saudi Arabia Ends 80-Year Petrodollar Deal with US
Saudi Arabia has decided not to renew its 80-year petrodollar agreement with the United States, marking a significant shift in global economic dynamics. ...
BusinessFinance
Diageo Sells Stakes in Guinness, Joining Multinationals Exiting Nigeria
On Tuesday, Diageo announced the decision to sell majority stakes in its subsidiary Guinness Nigeria to Tolaram Group, becoming the latest multinational to...
BusinessNews
NSCDC Uncovers Illegal Oil Bunkering Site in Rivers, Arrests Three
The Nigeria Security and Civil Defence Corps (NSCDC) has arrested three suspects in Rivers State over illegal oil activities. This was conveyed through...
BusinessNews
Rivers Community Shuts Down Agip Oil Office Over Neglect and Broken Promises
Mgbuosimini Community in Obio/Akpor Local Area of Rivers State has shut down the Port Harcourt office of the Nigeria Agip Oil Company (NAOC)....
BusinessNews
Samsung Workers Stage First-ever Strike Over Pay Dispute In South Korea
Employees at Samsung Electronics, one of the world’s largest smartphone and high-end semiconductor manufacturers, have staged their first-ever strike. About 10 of these...
BusinessNews
Nvidia Surpasses Apple to Become Second Most Valuable Public U.S. Company
Nvidia’s market value surged past $3 trillion on Wednesday, briefly overtaking Apple as the second most valuable publicly listed company globally. The technology...
BusinessNews
Sweden, Finland Move To Ease Strict Restrictions On Alcohol Sales
Sweden’s government has announced plans to allow breweries, distilleries, and winemakers to sell alcoholic beverages directly to visitors, easing the country’s strict alcohol...
BusinessNews
UK’s Standard Chartered Accused of Funding Sanctioned Terrorist Entities
Standard Chartered, one of the UK’s largest banks, has been accused of facilitating billions in transactions for sanctioned entities, including terrorist organisations, according...
BusinessNews
CBN Denies Claims Of Plans To Revoke Licenses Of Unity, Polaris, And Keystone Banks
The Central Bank of Nigeria (CBN) has firmly denied allegations that it plans to revoke the licenses of Unity Bank, Polaris Bank, and...
BusinessNews
Middle Eastern, Asia-Pacific Carriers Dominate Top 25 Airlines List For 2024
In the wake of recent aviation tragedies, such as the scary Japan Airlines crash in Tokyo and the tragic death of Access Holdings’...
BusinessNews
Launch of Boeing’s Starliner Spacecraft Cancelled Again, Minutes Before Liftoff
Boeing’s first attempt to launch its Starliner spacecraft with astronauts on board was cancelled on Saturday just minutes before liftoff. An automated computer...
BusinessNews
NNPC And ExxonMobil Settle Over $1.2bn Divestment Deal Involving Seplat Energy
The Nigerian National Petroleum Company (NNPC) Limited has finalised a settlement agreement with ExxonMobil, enabling the divestment of ExxonMobil’s entire stake in Mobil...